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US producer prices surprise with largest increase in four years
U.S. producer prices surged 1.4% in April, marking the largest increase in four years amid rising inflation and energy costs linked to geopolitical tensions.
S&P 500, Nasdaq end lower as inflation, Iran tensions weigh
The S&P 500 and Nasdaq closed lower amid hotter inflation data and rising U.S.-Iran conflict tensions, impacting investor sentiment near earnings season end.
Senate confirms Warsh to Fed Board, with Fed chair vote likely Wednesday
Kevin Warsh confirmed by the U.S. Senate to a 14-year term as Federal Reserve governor, advancing toward Fed chair amid political pressures on the central bank.
FDA commissioner Makary is resigning, sources say
FDA commissioner Marty Makary plans to resign amid pressure from Republicans and White House clashes, marking a leadership change at the federal health agency.
Oil prices jump on latest US-Iran peace process impasse
Oil prices rose more than 3% as US-iran peace talks stall, raising supply concerns amid tensions over the strait of Hormuz and Middle East conflict.
Virginia Democrats ask Supreme Court to revive their US House voting map
Virginia Democrats asked the U.S. Supreme Court to reinstate a congressional map aimed at boosting their chances in the November midterm elections.
Trump to sign orders to boost beef imports, grow herds to try to reduce record prices
President Donald Trump signs executive orders to increase beef imports and support cattle herd growth amid record high beef prices in the U.S.
Trump says federal gasoline tax to be reduced ’till it’s appropriate’
President Donald Trump plans to reduce the 18-cent federal gasoline tax as U.S. fuel prices rise due to the Iran war, pending congressional approval.
Oil falls below $100 a barrel on Middle East peace hopes
Oil prices fell below $100 a barrel amid renewed hopes for a U.S.-Iran peace deal and reopening of the Strait of Hormuz, easing Middle East tensions.
Trump calls Xi meeting important trip, says US leads in AI
President Donald Trump calls his upcoming meeting with China's Xi Jinping important and emphasizes the US lead in artificial intelligence amid trade tensions.
US to move forward with plans to hike EU car tariffs
U.S. Trade Representative Jamieson Greer confirmed plans to increase EU car tariffs to 25%, escalating trade tensions and impacting German automakers.
Spirit Airlines shuts down, industry’s first Iran war casualty
Spirit Airlines shut down after failing to secure bailout amid jet fuel price surge linked to the Iran war, impacting thousands of U.S. jobs and flights.
